Specification
MACD + RSI EXPERT ADVISOR MT5 (for STOCKS)
- Magic number:
- Max spread (points):
- Max slippage (points):
MACD parameters:
Fast EMA:
Slow EMA:
MACD SMA:
Apply to:
RSI parameters:
Period:
Apply to:
RSI up line:
RSI down line:
---------------------------------------------------------------------------
Strategy:
OPEN ORDERS:
The EA open an order when the MACD cross the 0 line:
If cross up the 0 line --> Buy order
If cross down the 0 line --> Sell order
CLOSE ORDERS:
Two close options: RSI/Time
Option 1:
The EA close the order when:
Close a Buy order when: RSI > RSI up line
Close a Sell order when: RSI < RSI down line
Option 2:
The EA close the order at a specific time:
Hour:
Min:
No new orders will be open this day
..............................................................................................................................
EMERGENCY STOP LOST
The orders will have a percentage value of Stop Loss according to value of opened order:
- Stop loss (%):
Example: If the order is opened when the price is 400 USD and the stop is 5%, the SL will be 20 USD
..........................................................................................................................................................
The lot will be increased for next order if one of the next conditions happen:
- Stop Loss is reached and the order is closed by Stop Loss
- If the profit when the order is closed is less than a specified percentage of the opened order:
- Minimum profit (%)
Example: If the order is opened when the price is 400 USD, the SL(%) = 5% and the Minimum TP(%) = 10% the EA will increase the lot for the next order if the SL is reached (-400*0.05=-20 USD) or if the TP is less than Minimum TP (400*0.1= 40 USD)
If the order is closed with a value > Minimum profit (%) the lots are restarted.
............................................................................................................
Lot size:
Lot 1:
Lot 2:
Lot 3:
Lot 4:
Lot 5:
Lot 6:
Lot 7:
Lot 8:
Lot 9:
Lot 10:
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